Briefs

Aeon Co (M)’s plan to build a new shopping centre in Batu Pahat, in the Malaysian state of Johor, has hit a snag after the termination of a deal to purchase a plot of land there.
In a filing with Bursa Malaysia, the retailer, which already has an Aeon Big hypermarket in Batu Pahat, said the agreement dated July 10, 2014, to buy the 20-acre (8-hectare) freehold land from Genting Property for 34.8 million ringgit (about Bt270 million) was cancelled on Wednesday.
This was because of the non-fulfilment of the conditions precedent within the conditional period, and the two parties could not reach an agreement to extend the conditional period, Aeon said.
In the first announcement on the proposed land purchase, Aeon had expected to receive the approvals required from the relevant authorities within 20 months from the date of the agreement, which could be extended if both parties agreed.
Aeon said it would seek a refund totalling 13.9 million ringgit – comprising the deposit plus two other payments – from Genting Property. – The Star
Power Buy promotes air-conditioner sales 
Power Buy has launched a summer campaign to promote air-conditioners.
Jiralak Na Chiengtung, vice president for marketing, said the company expected the campaign to spur a 17-per-cent increase in overall sales of air-conditioners this year and almost 30 per cent for inverter-type air-conditioners.
The campaign includes 20 months of instalments with zero interest, together with a 20-per-cent discount when an item is purchased with a credit card linked to the promotion.

Savant Hotel opens in November

Cachet Hospitality Group (CHG) has announced the debut of its affordable lifestyle brand, Savant Hotel, in Bangkok. 
Owned by Vela Hotels Co, an owner and developer of mixed-use real-estate projects in Thailand, Savant Vela Hotel-Bangkok will open in November. It is CHG’s second property in Bangkok and the first Savant hotel in Southeast Asia. 
“I’m excited to partner with Cachet Hospitality Group and bring its Savant brand into Bangkok, Thailand,” said Sitiphum and Unyanud Wongwijitkul, owners of Vela Hotels. 
Located in the heart of Bangkok, the hotel will be just steps away from Siam Square, the epicentre of the city’s shopping, dining and entertainment activities, and offers easy access to other prime tourist destinations such as MBK Shopping Mall, Siam Center, Siam Paragon and Sea Life Bangkok Ocean World, CHG says.